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Contents

Official guidance
Import VAT Manual

IMPS04000 · Value for import VAT: normal rules

  • IMPS04050 · Introduction
  • IMPS04100 · UK law
  • IMPS04150 · Incidental expenses
  • IMPS04200 · First destination
  • IMPS04250 · Further destination
  • IMPS04300 · Acceptability of declared value
  • IMPS04350 · Discounts
  • IMPS04400 · Methods of calculating import VAT
  • IMPS04450 · Potential duties
  • IMPS04500 · Export quota licence payments
  • IMPS04550 · Buying commissions
  • IMPS04600 · Imported computer software
  • IMPS04650 · Channel Islands flowers
  • IMPS04700 · Racehorses and bloodstock
  • IMPS04750 · Video, cinematographic and sound recordings - not produced in quantity for general sale and imported by private persons or by film, TV, radio broadcasting or newspaper companies or film libraries
  1. Value for import VAT: normal rules: contents
  2. Value for import VAT: normal rules: UK law

IMPS04100 | Value for import VAT: normal rules: UK law

From HM Revenue & Customs · Import VAT Manual

The law governing the value for VAT of imported goods is contained in section 21 of the VAT Act. The first point of referrence for establishing a valuation for VAT purposes, is there value determined under customs’ rules, with the addition of import taxes other than VAT itself.

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